Answer Happy

10. Use the information below to prepare adjusting journal entries. Record each adjusting journal entry separately, and use January 31, 2019, for the date. a. Insurance for the month of January has expired, start with AJE #1. b. Monthly depreciation on the furniture and fixtures amounted to $300. c. Office supplies on hand totaled $125 and Measurement supplies on hand totaled $80. Compare to amounts listed on the Trial Balance and list as two SEPARATE AJES. d. Interest on the Notes Payable for 1 month is $175.

D = . - # - - = 1010 Cash - Operating 1200 - Accounts Receivable 1250 - Undeposited Funds 1260 - Inventory Asset 1700 - Furniture and Fixtures:1725 Furn./Fixt., Cost adv 20000 - Accounts Payable 2020 - Notes Payable 2200 - Sales Tax Payable 3010 Marcus Billings, Capital 3020 Marcus Billings, Drawing 4060 Sales Income 4070 - Service Income 4100 Sales Discounts 5050. Cost of Goods Sold 6200. Insurance Expense 6310 Rent Expense 6325 Office Supplies Expense 6410 Measurement Supplies Expense 6500 Utilities Expense TOTAL Trail Balance Accessibility Investigate + Jan 31, 19 Debit 38,084.35 782.25 1,871.90 3,444.00 6,000.00 0.00 800.00 Credit 600.00 3,500.00 54,200.00 1,295.00 1,280.00 11.50 561.00 7,200.00 1,500.00 325.00 250.00 45.00 60,875.00 60,875.00